Canadian DSO gets funding from US based PE firm

Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm, recently announced its investment in Canadian Orthodontic Partners (COP), an orthodontics-focused specialty DSO. COP, headquartered in Toronto, provides management services to orthodontic practices throughout Canada.

Sean Dempsey, Managing Director of Sheridan said, “This is another investment within our consumer/ retail healthcare thesis, and we are excited to have the opportunity to partner with Mike Black, Dr. John McManaman and the entire management team.”

Mike Black, CEO of COP, said, “Teaming up with Sheridan was an easy choice for us. The Sheridan team’s depth of experience in consumer healthcare, as well as their success growing Smile Doctors as an orthodontics-focused DSO in the U.S. market, made the team ideal partners for the next stage of Canadian Orthodontic Partners growth.”  Dr. John McManaman, Chief Orthodontic Officer, added, “Our partnership with Sheridan gives us access to a team with best-in-class resources to accelerate our growth in orthodontic practice management in Canada.”

The COP transaction was led by Lewis, Dempsey, Tim Wheeler, Chase Culbertson, and Beau Brace.  Terms of the transaction were not disclosed.

Sheridan Capital Partners also has investment in the Georgetown, Texas based dental support organization, Smile Doctors .  Smile Doctors providing orthodontics services to both adults and children in Alabama, Georgia, Indiana, Tennessee, and Texas. The Company’s unique approach to patient experience and clinical excellence has created a best-in-class platform within its markets.

GDN and Connect The Dents has a Canadian based DSO platform that is currently looking for Private Equity investment.  Email us at [email protected] to find out more. 

Source: Business Wire, Smile Doctors, Sheridan Capital

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